Concho Resources Inc (N:CXO)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 600 W Illinois Ave
MIDLAND TX 79701-4882
Tel: 1-432-6852533
Website: www.conchoresources.com
IR: See website
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Key People
Timothy A. Leach
Chairman of the Board, Chief Executive Officer
Price L. Moncrief
Senior Vice President - Corporate Development and Midstream
Jack F. Harper
President
Brenda R. Schroer
Chief Financial Officer, Senior Vice President, Treasurer
C. William Giraud
Chief Operating Officer, Executive Vice President
Travis L. Counts
Senior Vice President, General Counsel, Corporate Secretary
Clay Bateman
Senior Vice President - Assets
Gayle L. Burleson
Senior Vice President - Business Development and Land
Keith Corbett
Senior Vice President - Corporate Engineering and Planning
Scott M. Kidwell
Senior Vice President - Administration
   
Business Overview
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5% oil and 40.5% natural gas.
Financial Overview
For the nine months ended 30 September 2019, Concho Resources Inc revenues increased 8% to $3.35B. Net loss totaled $234M vs. income of $773M. Revenues reflect Crude Oil Production, Total increase of 32% to 56.6M barrels, Oil Equivalent Production (Units/day), T increase of 33% to 329K barrels per day, Oil Sales increase of 18% to $3.01B. Net loss reflects Development Costs increase of 64% to $1.07B.
Employees: 1,503 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $18,885M as of Sep 30, 2019
Annual revenue (TTM): $4,413M as of Sep 30, 2019
EBITDA (TTM): $2,790M as of Sep 30, 2019
Net annual income (TTM): $1,255M as of Sep 30, 2019
Free cash flow (TTM): -$707.00M as of Sep 30, 2019
Net Debt Last Fiscal Year: $4,421M as of Sep 30, 2019
Shares outstanding: 201,028,695 as of Oct 28, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization